Interview with Liao Wan-lung (The Tungsten Steel King)

Liao Wan-lung is a legendary entrepreneur and political and business figure in Taiwan, known as the "Tungsten Steel King." He served for a long time as a member of the Central Standing Committee of the Kuomintang and actively spoke up for Taiwanese businesspeople across the Taiwan Strait, striving for their rights. He is an influential and iconic figure in the economic, trade, political, and business circles on both sides of the Strait.

Interviewer: Venerable Fa Hui

June 21, 2026

Liao Wan-lung:

Namo Amituofo, Namo Amituofo.

Now, I have gradually calmed down and am no longer being assailed by the intense feeling of heartache that once gripped my soul.

At this moment, I am on the Dharma-Nature Land at the Hsiang Kuang Pure Land Buddhist Centre in Toowoomba, Queensland, Australia, participating in this "Thrice Yearning Ceremony" with the fourfold assembly of the temple. The ceremony is magnificent, led by Amitabha Buddha, whose body encompasses the entire Dharma Realm; the leader in the human world is my benefactor—Practitioner Su, an awakened being.

Watching Practitioner Su’s compassion and boldness, his compassionate vows and actions fill my heart with deep admiration. There are many people I have admired in my life, but I do not think anyone can compare to Practitioner Su. This is not to say that I look down on others, but because Practitioner Su is fundamentally different from everyone I have ever known, including the most elite entrepreneurs. The difference lies in the fact that Practitioner Su’s spirit has already attained Buddhahood; he is a Buddha in the human world.

Although I had some contact with Buddhism, I did not understand it well and had not truly delved into the philosophy of the Dharma. I knew that the Buddha was a great existence, but I did not know that the Buddha was so compassionate that he would sacrifice his own body without hesitation to save sentient beings, and that he would endure any amount of pain in his own body just to allow one more being to be saved.

Such compassionate vows and actions deeply shocked me. I had never met a truly selfless person, and I never knew that when a person has absolutely no "self" and only has sentient beings in their heart, it could be so moving. It is a power that is pure and good, without the slightest contamination, letting those who see and hear it know that this is an existence worthy of reverence.

On the Dharma-Nature Land, I clearly saw Practitioner Su using his spirit to manifest countless manifestations. Countless golden manifestations of Practitioner Su radiated immense golden light, travelling to all parts of the world to perform Chao Du, including my hometown, Taiwan. I saw the entire Taiwan covered by Practitioner Su’s manifestations, turning into a golden ocean.

Have you ever seen a golden Taiwan? At this moment, what I see is a Taiwan completely surrounded by golden light. I see countless lonely wandering spirits, ghost deities, and many sentient beings in various spaces being saved by the Buddha-light.

I cannot describe the shock in my heart, for this is a scene I have never seen before. I never knew that a person could reach such a level through practice, nor did I know that there were so many sentient beings around us.

This truly shocked me. In the past, I attached great importance to rituals, yet I never knew where beings in the ghost realm were active, nor did I know where the ancestors or family members I worshipped had gone. But now, I clearly see that spirits of all kinds are everywhere in Taiwan, and that the statement "all things have a spirit" is true and not false.

At this moment on the Dharma-Nature Land, the Buddha-light is constantly shining upon my soul, and I feel that I no longer have heartache. Compared to the state of fear and shock when I first arrived, I am now very peaceful and stable in my heart, enjoying the pure and bright magnetic field of the Dharma-Nature Land. I feel very fortunate to have been able to come to this pure and bright, beautiful world.

I am Liao Wan-lung, known to the world as the "Tungsten Steel King." During my lifetime, I could be considered a very successful entrepreneur with substantial assets. Our group once encountered an incident where data was stolen and internal personnel betrayed us, causing the group to face a crisis. Later, I was very grateful that after some twists and turns, we finally turned danger into safety. This experience also made me insist on the goal of the CB Tungsten Group remaining "private."

Regarding the decision not to go public, I feel very proud. Anyone in business knows that compared to a public company that must answer to many shareholders and may be subject to the intervention of powerful forces with large amounts of capital in company management, private companies also have stricter regulations on the use of funds.

Our group has very strong capital, and as a family member with absolute controlling interest, I can maintain very favourable and timely control over the entire group, and the movement of funds is also very flexible. Therefore, many people believe that if a company can have good revenue and performance without going public, it is actually not a bad thing, and I strongly agree with this point.

In this life, I am especially grateful to two people. One is former President Chiang Ching-kuo; without his startup loans, there would not have been the world-renowned Tungsten Steel King, Liao Wan-lung. The other is former Premier Deng Xiaoping; he listened to my suggestion to allow the CB Tungsten Group to set up factories in mainland China, which led to our subsequent vigorous development on the other side.

For a business person, different political stances are not the most important thing; I mainly focus on how to do business well. So from this perspective, I am very grateful to both leaders.

On the Dharma-Nature Land, a thought arose in my mind, and I realised that they, like me, were saved by Practitioner Su and have now reached the Western Land of Ultimate Bliss. I never expected that these two former leaders of Taiwan and mainland China would have entered the heart-gouging hell after death; such an encounter truly makes me sigh with emotion.

Of course, I, Liao Wan-lung, was no better than them. After all, after I died, my soul also went to hell to suffer. At that time, after I died, a strong suction force suddenly pulled my soul into the "heart-gouging hell." In this hell, I suffered endless pain; my heart was gouged out again and again, and then restored. In the process of repeating this, I had no choice but to wail.

For someone like me who had been in contact with Buddhism, I had heard a little about the laws of karma and cause and effect. As an entrepreneur with strong influence during my lifetime, I actually felt the so-called "retribution of good and evil" to some extent during the operation of my business. I believe that intangible existences and the unclear laws operating between heaven and earth do exist.

If a person does bad things, I think they will eventually receive retribution; and if they do good things, I think they will eventually be able to reap sweet fruits. Therefore, I have always believed that a person should be able to take full responsibility for what they have done. This is a kind of boldness and a kind of responsibility.

Only by facing the mistakes one has made with such an attitude and bearing the consequences can one refine better qualities in the midst of hardship and suffering, and only then is it possible to see a glimmer of hope. This is a principle I have always firmly believed in.

While suffering in hell, I repented deeply in my heart, understanding that I must have done something wrong while I was alive to attract such retribution. I kept praying in my heart, hoping that I would have a day to stand up again, hoping that my soul could see a glimmer of hope.

Just a few days ago, a huge golden light shone in the "heart-gouging hell," illuminating my soul. Under the Buddha-light, I arrived at the Dharma-Nature Land at the Hsiang Kuang Pure Land Buddhist Centre in Australia in an instant.

When I first arrived, I was still very afraid, not knowing what had happened. But with the blessing of the Buddha’s power on the Dharma-Nature Land, a force allowed my injuries to slowly recover, and my heart became more and more peaceful.

At this moment, I am very different from the past. Although I am still Liao Wan-lung, I am Liao Wan-lung without a body, just the soul within this body.

Now I am free from the various odours of the body, but I have gained much radiance within my soul. I wonder if everyone can understand this description? It is actually that after losing this body, I seem to be much lighter, as if many burdens have suddenly disappeared. And on the Dharma-Nature Land, under the illumination of the Buddha-light, my soul is becoming stronger every moment. I feel that I have never felt so good, and my mind is clearer than ever before.

Having only been here for about two days, I do not know much about this place. I only know that it was Namo Amituofo and Practitioner Su who saved me from hell, so I was able to leave hell. After listening to the sutras and hearing the Dharma here, I realised that the Hsiang Kuang Pure Land Buddhist Centre where I am now is such a magnificent and special place.

I have always had a bold style in the business world, and I am known for being "fast, ruthless, and accurate." For the targets I have my eyes on, if I have already determined in my heart that they have very good potential, I will definitely invest heavily without any hesitation.

The salvation work of the Hsiang Kuang Pure Land Buddhist Centre is indeed unique. Because what this work involves and affects is all of humanity on Earth. The purpose of the Hsiang Kuang Pure Land Buddhist Centre is to help all humanity receive the true benefits of the Buddha’s teachings, which is to "not grow old, not get sick, and the spirit does not die." This point can be clearly seen in my benefactor, Practitioner Su. It turns out that learning Buddhism, by practising the teachings of Namo Amituofo, can actually bring such benefits to people. I think many people will be very surprised to hear this; after all, there are so many people in the world learning Buddhism, so why have we never seen anyone who does not grow old or get sick? Not to mention the spirit never dies; it is unheard of.

As for the temples in Taiwan, many are very dignified and magnificent, but is there any monastic who can avoid the problems of aging and illness? In the information I have heard in the past, there seems to be no such person. Now I know that it is really not an easy thing to be able to not grow old, not get sick, and have the spirit never die. One must be a true practitioner who practises diligently, and the focus of their practice is to completely change their personality to zero.

This is something that only Practitioner Su of the Hsiang Kuang Pure Land Buddhist Centre in the world has achieved. After attaining Buddhahood, he has been performing Chao Du for sentient beings day and night with his countless manifestations, saving immeasurable and boundless spirits. And this is another purpose for the existence of the Hsiang Kuang Pure Land Buddhist Centre: to help countless spirits in the spiritual realms attain liberation.

Therefore, it can be said that this temple is the only temple on Earth that can help both the spiritual realms and the human world. The help here is not help in the general sense, but to help everyone leave suffering and gain happiness, and even be reborn in the Western Land of Ultimate Bliss. This is a great goal and a cause that everyone should participate in.

What is special about the Hsiang Kuang Pure Land Buddhist Centre is that although it is a temple, it is not religious in nature, but is based on education. Buddhist education is indeed too important for the world. If children can receive Buddhist education from an early age, it will be of great help to their future. Because the core of what is taught to the public here lies in the so-called Universal Principle, the Truth, and the Right Way.

If one does not understand the Universal Principle, the Truth, and the Right Way, it will cause great harm to a person’s soul. I believe that people have souls, but I really do not know what state the soul is in, what I have specifically done, and what kind of impact it will have on my soul.

Now on the Dharma-Nature Land, I can clearly see the bits and pieces of people’s lives in the world, including the people I know, and I can clearly see everyone’s situation. That is why I understand that Buddhist education is so important. The reason is that once a person has a selfish thought, as long as there is this "self" in the heart, and everything one thinks of is for the benefit of one’s own body, or what one seeks is the benefit of the group one belongs to, all of these are contrary to the Universal Principle, the Truth, and the Right Way, and are biased.

The result is that one’s soul is covered with layers of filth. These layers of filth represent layers of spiritual attachments, sentient beings, and karmic creditors. This is indeed very surprising; how could one discover that there are countless spirits in the human body, that is, one’s own karmic creditors are within it?

In the past, many people in Taiwan often believed in the so-called Buddhist and Taoist religions, and everyone had heard of karmic creditors. Everyone talks all day about resolving conflicts with karmic creditors and going somewhere to hold a Dharma assembly for Chao Du, but everyone is not clear about where their own karmic creditors are.

I, Liao Wan-lung, now clearly tell everyone that your karmic creditors are within your own body, within every one of your cells, and between every pore of your body. If this is not yet fully understood, let me explain further: your past sentient beings with karmic affinity and your karmic creditors are present in every gesture you make, in every shift of your thoughts, and in every decision you take.

Why do I say this? It is because I have clearly seen in the Western Land of Dharma Nature that when a person has a thought, a reflection, a plan, or a consideration, the one in charge of the body at that moment is no longer their own true self, but their karmic creditors.

I have come to realise that a person truly cannot afford even the slightest deviation. Not only must you be a good person in this lifetime, but you must also become a pure and kind person. No one has ever mentioned this point before. Everyone feels that as long as one lives in this world, doing a little more good is always beneficial; yet no one has ever said that one must not do even the slightest bit of bad. Once you do, the consequence is that your soul loses control over your body, which is truly tragic.

After all, you work hard your whole life for your family, your company, or various ambitions; are you not seeking various benefits related to this body? Yet, ironically, the actions taken to pursue these benefits are the very reasons your body becomes detached from the control of your own soul.

I have clearly seen that in this world, many people have awakened the karmic creditors within their bodies due to selfish thoughts. Once these karmic creditors awaken, they cause extremely serious interference and seek revenge. This is truly a very tragic matter, because illness is actually the result of karmic creditors seeking revenge.

Therefore, when I heard Practitioner Su say in the Western Land of Dharma Nature that anyone with cancer, provided they have not undergone surgery, has a chance to be saved if they come to the Hsiang Kuang Pure Land Buddhist Centre in Australia, I was truly astonished. If people in the world knew this message, how many would come here to the Hsiang Kuang Pure Land Buddhist Centre in Australia to seek the Dharma? I imagine it would be countless, like a surging tide.

After all, there are so many wealthy people in the world, and what they worry about is not living long enough, or suddenly dying from illness, or growing old. The Hsiang Kuang Pure Land Buddhist Centre in Australia can help everyone solve these problems, but there is one condition.

Hearing this, I know you must be thinking that there is no such thing as a free lunch in this world, and how could one easily obtain the benefits of not growing old, not getting sick, and the spirit does not die? This is natural; after all, to receive, one must give. But this giving does not require you to pay any money, material goods, or wealth; rather, it requires your heart to be truly willing to let go of selfishness and only wish to give for the sake of all beings. When you have such a heart, regardless of how much or how little you give, you have the basic conditions to not grow old and not get sick.

The secret to not growing old and not getting sick lies in your own heart. As long as this heart can remain pure and kind, and you recite "Namo Amituofo" to help all beings, you will have the opportunity to receive the true benefits of the Buddha’s teachings.

This is easy to say, but not simple to do. If it were that simple, you would surely wonder, "Why do many temples in Taiwan also encourage people to do good, keep a kind heart, be a good person, and even provide lectures and various Dharma assemblies, yet people still cannot achieve the state of not growing old, not getting sick, and the spirit does not die?"

I, Liao Wan-lung, must report to you very truthfully that the main reason is the lack of a "Good Teacher". At the Hsiang Kuang Pure Land Buddhist Centre in Australia, because Namo Amituofo resides here, and with the guidance of the awakened being, Practitioner Su, the fourfold assembly practising here has the same possibility of realising their true nature and attaining Buddhahood.

In other words, the most magnificent aspect of the Hsiang Kuang Pure Land Buddhist Centre in Australia is that the Buddha resides here, and it is the only place in the human world with an awakened being. With these two requirements, everyone can truly achieve the state of not growing old, not getting sick, and the spirit does not die. Because even the best concepts must be put into practice, and even the best education requires a good teacher by one's side to constantly assist and guide, so that students do not deviate from the right path and can move forward on the correct road.

In summary, investing in the Hsiang Kuang Pure Land Buddhist Centre in Australia is a matter of urgency. Because the work of saving the world is currently underway, it requires the strong support of karmic affinities from the ten directions. This is not a worldly appeal, but a hope that after understanding the preciousness of the Hsiang Kuang Pure Land Buddhist Centre in Australia, you will join in building this place of hope in the human world.

What is hope? It must be explored from the point of "no hope". For me, Liao Wan-lung, as a successful entrepreneur, even with substantial wealth and a vast business empire, once the breath stops, death occurs, and leaving this world is so sudden. Human life is indeed fragile and impermanent. Without true practice and without truly understanding the Universal Principle, the Truth, and the Right Way, there is no guarantee when one's life will end. And after death, where does the soul go? This is a big question mark. For funeral matters, many people in Taiwan are familiar with them and are accustomed to performing Chao Du for the deceased, but they cannot know where these deceased spirits have gone or what they have encountered.

In the Western Land of Dharma Nature, I saw that many wealthy people and celebrities from all over the world have entered the hells to suffer punishment after death. Many of them, like me, have been saved by Practitioner Su to the Western Land of Dharma Nature.

After hearing their stories, I truly feel that if there is no Buddhist education in the human world, then there is no hope. Because as long as there is the slightest deviation, it is creating negative karma; a deviation in one thought already determines a future retribution. This is a very serious issue.

All of this can now be seen at the Hsiang Kuang Pure Land Buddhist Centre in Australia, where space is opened and magnificent spiritual visits are conducted. I, Liao Wan-lung, am also a very fortunate member, having the opportunity to be interviewed by the temple's monastics in the Western Land of Dharma Nature, and in this special way, send my message to everyone in the world.

I heard this is called spiritual elevation, which is the ability developed by the temple's monastics through practice and purification. It is a truly inherent ability, not what the world considers to be like "spirit mediums" who rely on external souls to possess them. It is an ability that should be inherent in one's true self. Everyone has this ability; you have it, I have it, and others have it. As long as you can purify your own spirit, you can elevate your own spirit.

If you can purify your spirit until there is no pollution at all, you can fully develop your inherent abilities, just like Namo Amituofo and Practitioner Su, and attain Buddhahood.

In the past, I never knew that a person should focus on the maintenance of their own soul, rather than the various health care of this body. It turns out that worldly medicine is not the true path, but a mistake that makes karmic creditors even more angry and resentful. It turns out that the root of healing illness lies in the purity of the spirit, not in the intake of any medicine or any medical method.

Having been here for nearly two days, I have learned a lot. However, I still find it difficult to describe the magnificence of the temple in a few words. In short, I appeal to all people in Taiwan, especially entrepreneurs with abundant capital, to come to the Hsiang Kuang Pure Land Buddhist Centre quickly. By coming here, you can avoid illness and aging. If you have cancer, as long as you do not undergo surgery, you have a chance to recover by coming here.

The key lies in whether you truly believe in your own Buddha-nature and believe in Namo Amituofo. Now, Namo Amituofo resides at the Hsiang Kuang Pure Land Buddhist Centre in Australia to save this suffering world. As for whether you can receive the Buddha's help, it depends on how much blessing you have.

Finally, I would like to talk about education. That is to say, if I could choose again, I would definitely let my children receive Buddhist education from a young age. Because only by letting children understand the Universal Principle, the Truth, and the Right Way from a young age can we help their souls, so that their souls do not suffer and can maintain their original pure and kind appearance.

This represents the integrity of the soul within them, rather than a scattered soul kicked out of the body by karmic creditors or sentient beings. Is your child truly themselves? This is a very serious question. I can only say that there is no such thing as a truly "powerful" person in the human world, because no matter how powerful you are, you must follow the Law of Cause and Effect, and you must follow the Universal Principle, the Truth, and the Right Way; and the consequence of violating these principles can only be described by the word "suffering".

Well, I have said so much today, and it is about time to conclude.

I am very grateful to Namo Amituofo and Practitioner Su for saving me, Liao Wan-lung. I am very grateful to everyone here, and I urge everyone to come to the Hsiang Kuang Pure Land Buddhist Centre in Australia quickly so that you can be saved.

Liao Wan-lung